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The Property Team at leading offshore Law Firm, Mourant Ozannes, has recently advised UBS AG Jersey in relation to an agreement with States of Jersey Development Company to lease Grade A office premises at the high-profile new Jersey International Financial Centre.
Pamela Doherty, Managing Associate in Mourant Ozannes' Jersey Property Practice was lead adviser to UBS.
She said: "We are delighted to act for UBS, a premier international bank, in being the first tenant to commit to a lease of premises at the new Financial Centre. This transaction unlocks the first phase of the proposed six office development of up to 490,000 square feet at the Esplanade Quarter.
"It shows UBS's continued commitment to Jersey, having had a presence in the Island for more than 30 years and employing around 200 staff, and reflects continuing confidence and growth in Jersey as an outstanding financial centre."
Jonathan Speck, Managing Partner of Mourant Ozannes Jersey, "We were delighted to act for UBS in this significant agreement to lease in the new Jersey International Financial Centre.
"It highlights the strength and depth of expertise and commerciality in our Property team in Jersey and is indicative of the kind of major developments in which we play a central role. As a firm, we are confident about Jersey's future as a premier international financial centre and are committed to our part in its continuing development."
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